Stanbic IBTC Holdings Plc has approved N804.5 million as directors’ remuneration for the financial year ending December 31, 2026, following resolutions passed at the company’s 14th Annual General Meeting.

The approval formed part of broader shareholder resolutions covering dividend declarations, board appointments, director re-elections and other corporate matters presented during the meeting.

The remuneration approval followed a strong financial performance by the group in the 2025 financial year, driven by growth in both interest and non-interest income streams.

The financial institution recorded a pretax profit of N551.7 billion in FY2025, representing a significant increase from the N303.7 billion reported in the previous financial year.

Shareholders approved the directors’ remuneration despite the figure representing another upward adjustment from previous years.

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Data presented at the meeting showed that the N804.5 million approved for FY2026 exceeded the N681 million fixed for the financial year ending December 31, 2025, during the company’s 13th Annual General Meeting.

The approved remuneration also surpassed the N653 million authorised for FY2024 and the N544.5 million approved for FY2023, reflecting a steady rise in directors’ compensation over the past four financial years.

The company’s post-tax profit grew by 69 per cent year-on-year to N380.7 billion in FY2025 from N225.3 billion in FY2024.

The FY2024 performance itself represented growth from the N140.6 billion recorded in FY2023, underlining continued earnings expansion across the group’s operations.

Apart from approving directors’ remuneration, shareholders also endorsed a final dividend payout of N4 per share for the 2025 financial year.

The dividend represented an increase from the N3 per share final dividend declared for FY2024.

The company’s reserves position also maintained strong growth momentum during the review period.

Figures presented at the meeting showed that reserves rose from N390.3 billion in FY2023 to N552.6 billion in FY2024 before increasing further to N858.4 billion in FY2025.

Stanbic IBTC’s shares also recorded strong market performance on the Nigerian Exchange during the period under review.

The stock delivered a 73.61 per cent return in 2025, closing at N100 per share and becoming the second Nigerian banking stock after GTCO to trade above the N100 mark.

Market data showed that the stock had gained more than 74 per cent in 2026 as of May 29, trading at N174.5 per share during market activity on Friday.

The AGM also approved the re-election of Mrs Sola David-Borha, Mr Ballama Manu MFR and Dr Kunle Adedeji as directors of the company.

Shareholders further approved the appointment of Mr Chukwuma Nwokocha to the board as part of resolutions aimed at strengthening corporate governance structures within the financial institution.

In addition, shareholders re-elected Mr Samuel Ayininuola, Mr Olatunji Bamidele and Mr Ibhade George as representatives on the company’s Audit Committee.

Messrs Ernst & Young Nigeria were also reappointed as the group’s external auditors until the conclusion of the next Annual General Meeting.

Directors were authorised to determine the remuneration of the external auditors for the ensuing financial year.

The company’s financial position also strengthened significantly during the 2025 financial year.

Customer deposits rose to N4.3 trillion compared with N3 trillion recorded in the prior year, reflecting continued balance sheet expansion and improved customer confidence.

Loans and advances to customers increased slightly to N2.37 trillion from N2.34 trillion in FY2024, accounting for a substantial portion of the group’s asset base.

Total assets climbed to N8.6 trillion from N6.9 trillion in the previous year, reflecting the company’s broader financial expansion and stronger market position.

The latest approvals are expected to support Stanbic IBTC’s long-term growth strategy while strengthening investor confidence in the institution’s governance structure and financial outlook.